Where can I find the current form of guaranty for Red Wagon Club?

According to Red Wagon Club's 2024 Franchise Disclosure Document, the current form of guaranty is included as ATTACHMENT B to the franchise agreement. This document is formally titled "Guaranty and Assumption of Obligations."

This guaranty is a legally binding agreement where the guarantor personally and unconditionally guarantees to Red Wagon Club that the Franchise Owner will fulfill all obligations outlined in the Franchise Agreement. This includes both monetary obligations, such as paying fees, and non-monetary obligations, such as adhering to operational standards and non-competition clauses.

By signing the Guaranty and Assumption of Obligations, the guarantor agrees to be personally liable for any breaches of the Franchise Agreement by the Franchise Owner. This means that if the Franchise Owner fails to meet their obligations, Red Wagon Club can seek recourse directly from the guarantor. This is a common practice in franchising, especially when the franchisee is a corporate entity, to ensure that there is an individual who is ultimately responsible for the franchise's performance.